…Says minimum wage not enough
President-elect, Bola Tinubu, has promised that his administration will provide a living wage as he described the existing national minimum wage as “not enough”.
Tinubu, who is due to be sworn in on May 29, made the promise in a statement yesterday to commemorate Workers’ Day.
A living wage refers to a theoretical income level that allows individuals or families to afford adequate shelter, food, and other necessities.
Currently, Nigeria operates the National Minimum Wage structure. The current N30, 000 minimum wage for federal and states was approved in 2019 following the passage of the Minimum Wage Bill by the National Assembly.
“In the Nigeria, I shall have the honour and privilege to lead from May 29, workers will have more than a minimum wage. You will have a living wage to have a decent life and provide for your families”, the Asiwaju stated.